 There seems to be some excitement over on LSE regarding a 'breakthrough' by D-Wave...
Indeed QBT have had some exposure to the company in the past...
Notice that D-Wave were then and are now offering access to Quantum Annealing technologies.
You might suppose that the nature of this becomes a bit suspect when the company mentions 5,000+ qubit implementations.
Google’s latest iteration of its quantum machine, the Sycamore quantum processor, currently holds 70 qubits. This is a substantial leap from the 53 qubits of its earlier version. This makes the new processor approximately 241 million times more robust than the previous model.
How can D-Wave claim 5,000 qubits when poor old Google is still stuggling along at 70?
This is because D-Wave qubits are totally different to Google qubits. You might characterise Google qubits as being multi-state and amenable to general purpose calculations whereas D-Wave qubits are lowest-state and amenable to single purpose calculations.
Indeed the release from D-Wave suggests a materials science application in magnetics where the process of annealing would be expected to make predictions as to how such materials might crystalise.
This has absolutely nothing to do with the task that QBT have set for themselves and indeed the suggestion made over on LSE that it will accelerate their development of such ideas is entirely misplaced.
This of course will beg the question as to why did QBT make such a song and dance about their involvement with D-Wave in the past and your simple answer is that QBT were once again misleading their investors.
Quantum Annealing Computer ≠ Quantum Computer but it's close enough to fool the ignorant investor, as it has done over on LSE and drive the share price.
Your other nicer but equally unappealing answer is that QBT set up a paid for jolly for someone to make use of D-Waves technology for research totally unrelated to their stated goals. |
Fort Lauderdale = Caught Fraudorfail |
FLC, anddown, yes.
Some of the execs of the big hitters may drop in at a trade show to meet other top execs they already know and do business with, but they won't be trawling the stands of hopeful loss making penny companies with the company cheque book in hand.
In fact, such people probably won't tour the stands at all. They will meet with other big players away from the fair, using the fair simply as as an opportunity to meet others in the same town at the same time.
You all heard FG. He has been touting QBT's wonder tech for years, and has been told that it is for him to demonstrate that it works, in live demonstrations in real time. The message given him, loud and clear, is: 'If and when you have something ready to roll out commercially tell us and ask for an opportunity to demonstrate it to us. until then, we don't want to hear from you.'
FG also recognises that the whole sector is sceptical of his claims, and that if he does ask for an opportunity to demonstrate the tech to a potential customer it had better work, because they won't risk having their time wasted twice.
Serious, profit making, companies employ people to PREVENT time wasters selling moonbeams from contacting their senior executives, never mind their CEOs. When a self designated 'consultant' (aka a fired employee of a company in trouble like Intel) turns up acting for an outfit like QBT that does not impress them. Their reaction is 'Poor sod. Still out of work. By next week he will be selling cleaning products door to door'.
QBT attends these fairs in order to have something - anything - to talk about when it next needs to raise cash. Same with the videos, 3D or otherwise, and the interviews.
How many CEOs of the big miners and the rig makers do you think watch the videos or listen to the interviews? I'll tell you. The same number as traipse around trade fairs in the hope of being given a promotional baseball cap, and to collect company stickers and free chocolates. |
Totally agree, just another opportunity for FG to get his hairy mutt in front of the camera. It just doesn't wash but the rampers will never get that. Total jolly at the expense of SHs. It would be interesting to see how many meetings in Miami he has set up but there again, it's difficult to demo a revolutionary mining concept in front of 5,000 strangers and on what? |
it is also in Ft Lauderdale, ( Miami's far less glamorous, impoverished and run-down cousin ).For QBT that should read FG Laudorfail ? |
2 weeks miami..tick,tock...trolls time running out
Yes Mr Ice. Time is probably running out for FG. I say probably because I have no doubt that he will be able to control the news flow such that investors in the UK do not get a whiff about how hard they failed.
In the same way that the presentation at Nashville appears to have been buried so we do not get to see FG burbling on in his usual random way whilst Rios squirms in his seat in embarrassment we will not get to hear how hard they were laughed at. |
Ice, let me bring you up to speed on Miami and trade shows in general. Firstly, it’s the event organiser which makes a shed load of money bringing together sellers who can peddle their goods and services. Secondly, it’s the sellers spending a shed load of money on glossy exhibition stands staffed by pretty girlies. The last thing they want is crumply bearded consultants trying to sell to them and wasting their valuable time. Miami is simply a quick win to get in front of industry players and use the visit as PR exposure. I doubt QBT would get in front of many outside of a conference. |
2 weeks miami..tick,tock...trolls time running out |
Broomtard shuffles, a stench in the air, Ugly and clueless, beyond all repair. His face could sour the sweetest of days, A walking disaster in so many ways. His brain's a void, his manners a crime, A man so revolting, he's wasted his time. No pity for Broomtard, just scorn and disdain, A life poorly lived, a perpetual stain. |
the trolls are getting really worried now..miami in 2 weeks..tick,tock..im buying more tomoro |
great interview from the prof re sipiem " collecting money..which we are" |
What’s Italian for ‘I just kicked myself in the nuts’? |
anyone spread betting qbt? have they dropped the tier rate from 40% to 20%? |
ASSERTION
'All the chip makers are being very helpful, short of telling us what we need to know in order to use their chips'
COMMENT
So you are getting the same 'help' anyone would get if he bought a chip and examined it? Ie zilch.
ASSERTION
'You can be the best pilot (driver) in the world but if you haven't got a car ...'
COMMENT
Too bloody true.
ASSERTION
'The potential customers for our tech are sitting back and saying come and show us it works in a live demonstration, and with these people you only get one shot..'
COMMENT
Has FG conveniently forgotten that TWO YEARS AGO he claimed that contract negotions to purchase rifhts to use the tech were at an advanced stage, with lawyers engaged on both sides to thrash out the final contract details?
SSERTION
And the supposedly 'final' appeal QBT won is in fact, as FG only now admits, subject to a further appeal, which the defendants are pursuing. QBT is nevertheless attempting to enforce the judgment.
COMMENT
If Italian law is the same as English law (as in this respect it appear it is) an appeal does not operate as a stay of execution of the judgment appealed BUT IF YOU LOSE THE APPEAL YOU HAVE TO PAY BACK ANY MONEY YOU HAVE RECOVERED AND ALL YOUR ENFORCEMENT COSTS ARE WASTED. A point FG conveniently glossed over.
CONCLUSION
One could go on, but it is just too depressing to analyse any more of FG's ducking and diving. Does anyone now doubt that the FT had QBT's and FG's measure, which this credulous interviewer (who accepted every FG self-contradiction at face value, with no follow up questions) only too clearly did not?
The more you stir the QBT pot, the more it stinks.
Actually, you don't even need to stir the pot. Just read what FG has said over the years as a continuum, and see how the story changes, jam tomorrow and baseless hype being the only constants. |
He needs to reverse engineer the share price because it's gone to shyte. Arrest that slide oh bearded great one. |
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